Quantcast

North Cook News

Sunday, October 26, 2025

Former state school employee Moxley paid in $224K to teachers' pension fund, could collect $4.53M in retirement

Shutterstock 443523112

Former state school employee Constance Moxley, who retired in June 2017, saved $224,493 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Moxley would collect as much as $4.53 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Moxley received $95,212 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Moxley will have already received $294,290 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS